Reetu | May 29, 2023 |
19 NBFCs Surrender their Certificate of Registration to RBI; Know Details
The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.
i) Due to exit from Non-Banking Financial Institution (NBFI) business:
ii) Due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration:
iii) Due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.:
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